Ethereum ETH - New bull market! 10 000 - 20 000 USD next TARGET!
- On the weekly chart, we still have an incomplete Impulse Elliott Wave and I think it's the right time to finish it!
- The bulls successfully defended the 200 moving average, which is very important.
- 200 MA is considered as a huge support/resistance zone by huge institutions and hedge funds.
- Check out the volume profile indicator. Here we can see a gap that acted as a support!
- If we take a look at the RSI indicator, we can spot a beautiful bearish trendline.
- As per my Elliott Wave analysis, an ABC (classic ZigZag) correction has been successfully completed, and now we can start a new impulse wave!
- These yellow trend lines help us identify individual impulse waves, and we are clearly missing a 5th wave.
- I expect tremendous pumps for selected alt coins. You can find them in the related section down below.
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